Middle East oil production not threatened by US shale boom | The National

Middle East oil production not threatened by US shale boom | The National:

"Middle East oil producers can relax: North America’s rising output does not threaten their status as the world’s hydrocarbons hub.

So says the industry’s consumer watchdog, the International Energy Agency (IEA).

A bounty of shale oil and a decline in American fuel consumption have helped the United States to trim oil imports and have thrown into question the importance of the country’s partners in the Middle East, where special relationships have been forged amid the world’s longest-producing fields."

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